Tuesday, July 14, 2015

Not A Conspiracy Theory

John mentioned the Not-Us yesterday, and the Irish Savant suggests that we should not be surprised by what happened in Greece.

The link has a list of quotes about the scam of central banks.

I don't think this counts as a conspiracy theory.  For one thing, it isn't a theory but objective fact.  The banks control the monetary system.  The Founders were opposed to a central bank.  Coinage was supposed to be controlled by Congress.  Devaluing money is bad.

Second, it's not a conspiracy really.  It is just bankers pursuing their own interests.  So long as their interests and the national interests were roughly aligned, we did not notice it so much or consider it a problem.  Our interests have openly diverged over the last half century or so, and the gap continues to widen. 

Politicians aren't going to admit that they have to do what the bankers say, but it's not like it's a big secret.  The bankers are buying up government debt, thereby enabling the politicians to stay in power through the funneling of money to social programs, the education mafia, government workers, public sector unions, and corporate welfare, including agriculture and green energy subsidies.

This is really the lesson we should learn from Greece.  The citizens voted overwhelmingly to, essentially, abandon the euro and the EMU and return to the drachma.  They are not going to be allowed to do that. 

The Germans figured out a better way to conquer their lazy neighbors than killing them with tanks and bombers.  Banks, the new Wehrmacht.


  1. I think you are right about the monetary system. It is fiat money, unrelated to any external and objective standard (like gold). It allows politicians to inflate their way out of debt, if defaulting is politically unattractive, and manipulate the system if it suits them.

    Greece suffers not just from the structure of the banking system, but its own internal corruption, almost universal tax avoidance, and absurd levels of borrowing and Government largesse creating debts that can never be repaid.

    Didn't' someone once say that 'the borrower is servant to the lender'.

    Greece is the poster boy for the proverb.

  2. That's true. Fiat currency seems to have made us all debtors even when we aren't personally.